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 Mahathir family net worth ?

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SUSdattebayo
post Jun 22 2021, 05:13 PM

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QUOTE(Lembu Goreng @ Jun 17 2021, 05:14 PM)
There is no ceiling for ‘donations’, he has a billion ringgit stashed just at home so I am fairly sure he has more than Mahathir
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you don’t seem to know the fact that the Razak family was an elite family aka golongan kayangan to begin from

Razak got part of his wealth thanks to the late Uncle Lim, where Razak helped to grant casino license to the latter

Najib were indeed born with a silver spoon, and had led a decent live compare to most other Malays at the time




SUSdattebayo
post Jun 22 2021, 05:20 PM

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QUOTE(aspartame @ Jun 22 2021, 07:21 AM)
Where did you find his net worth to be in hundreds of millions? His son net worth RM1bil ... not that much what... his son wealth was made through proper means... not outright corruption...there might be nepotism .. people will always say there’s more no matter what
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dude, either you are too young (late millennials) or just plain naive/ignorant

have your eldery in your family ever talked with you regarding the “glorious 80-90s” of Malaysia?

regarding how Mahathir, Tun Daim, Anwar, Taib Mahmud, KuLi, Samy Vellu, Liong Sik etc reaped the country’s wealth through multitude means?

where do you think the “Mr 10%” got his name from, remember, back in the 80-90s, there were M$1000 notes circulated around, securities including equities and shares do not need to be registered in electronic system like CDS today, every transaction records were made on paper

among these, Mahathir and Taib’s wealth is comparable to Forbes global 5
SUSdattebayo
post Jun 22 2021, 05:29 PM

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QUOTE(Lembu Goreng @ Jun 22 2021, 05:24 PM)
Ok. Billions because of kayangan

Thats a very good explanation. Solid.
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i never say he is not corrupted

my point is while he do take some undertables along the way, he did try to rectify the corrupted system within his capacity, to the extent of facing serious backlash within right wing Malay factions including Mahathir himself

what else do people especially Chinese wants? Do they really want to see Mahathirism back in action for the 3rd time? Did they not suffer/poor during his first tenure as PM? Obviously young millennials do not know, how humble lives were 20-40 years ago




SUSdattebayo
post Jun 22 2021, 08:08 PM

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QUOTE(aspartame @ Jun 22 2021, 05:37 PM)
Lol... as I said .. all these are hearsay ...Forbes global 5? Please do not think Makan even a few bil can enter that category ...nepotism I am sure existed back then but you still have performed/executed those contracts ... those profits need to be made and normally only on a fraction of contract value ... these are not outright misappropriation mind you... the rest I am not sure but Mahathir sure does not need that kind of money .. his son also probably made few RM billions at the most from deals .. that’s hardly much compared to global wealth .. Hearsay is always exaggerated ... so, there is no so called official wealth of his in the hundreds of millions right?
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10% in mega infra projects back then was ALOT

imagine just 10% in Putrajaya development alone

it's not just simply hearsay, even LGE and LKS and Anwar quoted these "hearsay" against him during GE 13 days

Forbes Global 5 probably is an overstatement, but it doesn't defeat the fact that Mahathir family reaped alot, along with his friends throughout 22 years of his reign in Malaysia chain of powers


ps. himself doesn't need that kind of money doesn't mean he doesn't like to accumulate them, for instance, Warren Buffet is leading a frugal and humble lifestyle, yet he think of how to make more money 24/7 non-stop




SUSdattebayo
post Jun 22 2021, 08:47 PM

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QUOTE(aspartame @ Jun 22 2021, 08:32 PM)
Many projects are given to GLCs not individuals ...and these assumed 10% profits have to be earned by someone if projects are to be executed.. they are not outright misappropriation ... there were a lot of bailouts of crony companies but even those are lost through operations which employed many people , not into own pockets .. similarly those Bsnk Negara forex that supposedly DrM lost ... it was not into his pockets...it was his misjudgment of market  . .. we most distinguish between losses as a result of bad management / judgement from those which are outright corruption/ misappropriation...that is why I annoyed by those comparing 1MDB losses with “losses” from DrM era
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you will never know man

Mahathir and friends are well known to manage everything through proxies

http://therealtamringhafarbaba.blogspot.co...athir-clan.html

https://www.malaysia-today.net/2020/07/05/d...re-before-1mdb/



 

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